Ituran Location and Control Ltd.

www.ituran.com/ituranfront/en ; www.ituran.com/ituranglobal

High-Tech Company
Public Company

TECH VERTICALS

Automotive, Fleet Management, GIS, GPS, Insurtech, Monitoring, Safety, Security, Transportation, Wireless Infrastructure

General Data

Sector	Network Infrastructure
Company Stage:	Revenue Growth
Established	1995
Number of Employees	1,718
Employees in Israel	700
Reg. Number:	abCDe

DESCRIPTION

Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.

TECHNOLOGY

The Ituran GPS navigation system provides a rich and friendly experience to the user via its comfortable and easy-to-use three-dimensional interface, rich and detailed information about tens of thousands of points of interest thanks to Mapa crowdsourced recommendations.

Ituran GPS Devices:
GPS 5.0XL, GPS 4.3L, GPS 5.0i, GPS 4.3i, Ituran GPS software for multimedia systems, GPS 430, GPS 350, Permanently installed GPS with remote control

ESTIMATED ANNUAL SALES

	TARGET MARKETS
	Insurance Companies, Leasing & Rental Companies, Fuel Companies, Car Distributors, Enterprises

	BUSINESS MODEL
	B2B

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
B2CB77DE-1F7A-E111-AC59-00155D32A403		Ituran Location and Control Ltd.
2FCF5FF0-1F7A-E111-AC59-00155D32A403	Subsidiary	LocatioNet Systems Ltd.	Ituran Location and Control Ltd.	Acquired/Merged
46AA3914-207A-E111-AC59-00155D32A403	Subsidiary	EcomTrade Ltd. (Sharkor)	Ituran Location and Control Ltd.	Ceased
A14852FC-1F7A-E111-AC59-00155D32A403	Subsidiary	PassCall Advanced Technologies Ltd.	Ituran Location and Control Ltd.	Ceased
C58A95C6-1F7A-E111-AC59-00155D32A403	Subsidiary	Matys OnBoard Ltd.	Ituran Location and Control Ltd.	Ceased
FA4852FC-1F7A-E111-AC59-00155D32A403	Subsidiary	Hotas Ltd.	Ituran Location and Control Ltd.	Acquired/Merged
0269433D-AB8F-E211-B59D-00155D32A40A	Subsidiary	Matys Satcom Ltd.	Matys OnBoard Ltd.	Ceased

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Accounting Firm

REMARKS

Date	Remark
01/11/2007	Sold its holdings (95.5%) in Telematics Wireless to ST Electronics (Singapore) for $85.6m.

CONTACT INFO

Expand / Collapse All

Main Address: Azur, Israel

Address	3 Hashikma St., Industrial Zone
POB	163
City	Azur
Country	Israel
Zip	5800182

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Fort Lauderdale, United States

Address	1700 NW 64th St., Sute 100
City	Fort Lauderdale
State/Province	FL
Country	United States
Zip	33309

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Sao Paulo, Brazil

Address	Rua Cenno Sbrighi 170; Edificio 1; 4 andar
City	Sao Paulo
Country	Brazil
Zip	CEP 05036-010

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Izzy Sheratzky	President & Co-Founder
Mr. Eyal Sheratzky	Co-CEO	Telematics (Co-CEO)
Mr. Nir Sheratzky	Co-CEO
Mr. Ami Saranga	Deputy CEO
Mr. Eli Kamer	EVP, Finance & CFO
Mr. Guy Aharonov	General Counsel
Mr. Udi Mizrahi	VP, Finance
Mr. Gil Sheratzki	Chief Business Development Officer
Prof. Yehuda Kahane	Co-Founder

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Chairman	Former Head of Human Resources Planning, Israel Defense Forces
abC Defghij	Board Member	Co-CEO, Ituran
abC Defghij	Board Member	Co-CEO, Ituran
abC Defghij	Board Member	Co-Founder, Ituran
abC Defghij	Board Member	Chief Business Development Officer, Ituran
abC Defghij	Board Member	Senior Associate, Amit, Pollak, Matalon and Co.
abC Defghij	Board Member	Owner, Tzivtit Insurance Agency
abC Defghij	Board Member	Owner, Tzivtit Insurance Agency
abC Defghij	External Director	Former Assets Manager, Strauss-Group
abC Defghij	External Director	Former Investments Manager, Isaac Tshuva group

Public Offerings

Deal Date	Type of Offering	Exchange	Amount Raise	Valuation	Remarks
Sep. 27, 2005	Second Public Offering	NASDAQ GS	abCDe	abCDe	Including the Green Shoe option.
May. 01, 1998	IPO	TASE	abCDe	abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

PIPE

Feb. 01, 2000

Revenue Growth

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	Private Equity Fund	abCDe	Until 2003 converted half of the convertible bonds into stocks.
abC Defghij	Private Equity Fund	abCDe

	Acquisitions made by Ituran

Acquired Company	Sector	Date	Amount	Remarks
abC Defghij	N/A	Aug. 01, 2018	abCDe
abC Defghij	Enterp...	Mar. 01, 2018	abCDe	Ituran acquired the remainder shares of Locationet.
abC Defghij	N/A	Apr. 26, 2007	abCDe	Ituran paid and additional $3.1m to repay Mapa's loans.
abC Defghij	Hardwa...	Sep. 14, 2006	abCDe
abC Defghij	Consum...	Feb. 01, 2000	abCDe	For 74% of the company
abC Defghij	Networ...	Dec. 01, 1999	abCDe	Purchased 85% of Telematics' shares

	PORTFOLIO COMPANIES

Current Portfolio Companies (1)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

Bringg

Ent. SW

Fifth Round	16/06/2021	N/A	$100m
Fourth Round	07/04/2020	N/A	$30m
Third Round	15/01/2019	N/A	$25m
Second Round - Extended	16/01/2018	N/A	$10m
Second Round	14/03/2017	N/A	$10m
First Round	16/12/2015	N/A	$6.5m
Seed	01/12/2013	N/A	$2.5m

Current VC Fund Portfolio (1)

Fund Name

Fund Type

Date Announced

Amount

Remarks

Next Gear Ventures I

Venture Capital Fund

01/01/2018

N/A

Exits (2)

Company Name	Exit Type	Date Announced	Amount	Remarks
abC Defghij	Acquired	01/03/2018	abCDe	Ituran acquired the remainder shares of Locationet.
abC Defghij	IPO	04/06/2020	abCDe	Raised NIS 26m, Valuation of NIS 113m (including IPO profits).

Last Updated:	abCDe
IVC Number:	abCDe